first majestic silver

Technical Status: Gold, Silver & Much More…

Founder & Editor @ NFTRH.com
September 30, 2013

In the interest of simplicity there will be little talk of support, resistance, volume and measured objectives in this segment of the service.  In short, all we want to know with these charts is ‘are they on bull, bear or neutral signals?’  Very mechanical, very unbiased.

On to our first (complimentary) daily technical report…

GLD is on a bear signal with MACD triggered down, below zero and price below a short term downtrend line and the 50 day moving averages.

 

SLV is on a bear signal with MACD triggered down, below zero and price below a short term downtrend line and the 50 day moving averages.

GDX is on a bear signal with MACD triggered down, below zero and price below a short term downtrend line and the 50 day moving averages.

SIL is on a bear signal with MACD triggered down, below zero and price below a short term downtrend line and the 50 day moving averages.

DBC is on a bear signal with MACD triggered down, below zero and price below a short term downtrend line and the 50 day moving averages.

SPY is on a bull signal with MACD triggering down but above zero and price above a short term uptrend line and the 50 day moving averages.

EZU is on a bull signal with MACD triggered up, above zero and price above a short term uptrend line and the 50 day moving averages.

EEM is on a bull signal with MACD triggering down but above zero and price above a short term uptrend line and the 50 day moving averages.

FXI is on a bull signal with MACD triggering down but above zero and price above a short term uptrend line and the 50 day moving averages.

I look forward to providing NFTRH subscribers with an ongoing view from this clear and simple shorter term perspective to go along with our usual macro fundamental and longer term work.

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Gary Tanashian is founder and editor of the popular Notes from the Rabbit Hole (NFTRH). Gary successfully owned and operated a progressive medical component manufacturing company for 21 years, keeping the company’s fundamentals in alignment with global economic realities through various economic cycles. The natural progression from this experience is an understanding of and appreciation for global macro-economics as it relates to individual markets and sectors.


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